Gunpowder Chronicle posted on May 11, 2008 3:35 PM | Rating:
| Views: 225
Remember how O'Guvnah promised us in his 2006 campaign how the O'Guvnah era in Maryland Politics would usher in a brand new Public Service Commission... one not "so connected" with power utilities that they regulated? How rate increases would be rolled back? How electricity would be made affordable again?
Of course, the rest of Maryland now knows what Conservatives were saying all along: O'Guvnah's gift of gab from kissing the Blarney stone was producing rhetoric his capabilities couldn't match. (In other words, he was lying his ass off.)
And PEPCO has just given us proof.
According to the Baltimore Business Journal, PEPCO has announced that their profits have DOUBLED in the last year, largely due to rate increases approved by the Maryland Public Service Commission in 2007. Yes, that new PSC, headed by Steve Larsen, retard retread of the Glendenning Regime, approved rate increases in 2007 that allowed PEPCO's profits to DOUBLE.
Way to go. Great job in fulfilling your campaign promises O'Guvnah.